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601 8 Street S Lethbridge, Alberta T1J 2K2

$1,290,000

Here is your opportunity to own a revenue property in the beautiful London Road area, a neighborhood of the city that is being revitalized! This prime location is an easy walking distance from all the amenities in downtown Lethbridge and is one block away from a city bus transfer point. The complex features an automated security system along with multiple well lit entrances. The exterior of this building is well maintained which, along with the exceptional landscaping, gives this property excellent curb appeal.This building consists of 8 condominium units with separate titles and off-street parking for each unit. All units also have ample heated storage space available. The seller of this property has invested in maintaining and upgrading the units as well as the mechanical systems, with a new boiler being installed within the last 3 years. All past renovations have been well maintained. The building is currently self managed along with a maintenance and janitorial person.If you choose to use the building as a revenue property; there is an opportunity to increase rent. Or, depending on your investment strategy, each unit can be sold individually. There is also an opportunity for out of town investors to have local property management if required. (id:40161)

Property Details

MLS® Number A1055018
Property Type Other
Community Name London Road
Features Back Lane
Parking Space Total 8
Plan 0714741
Total Buildings 1

Building

Basement Type Unknown
Constructed Date 1986
Total Finished Area 9372 Sqft
Type Multi-family

Land

Acreage No
Size Total Text Unknown
Zoning Description Medium Density Residential R-37

https://www.realtor.ca/real-estate/22669630/601-8-street-s-lethbridge-london-road

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